6 Reasons Why You Should Consider The Philippines Retirement Visa
After nearly 2 years of lockdowns due to the Covid 19 Pandemic the world is slowly opening up again. Countries in Asia have been...
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Philippine Retirement Visa
"I've been to 120 countries, but the Philippines is the only one that made me want to stay"
What Is Special Resident Retiree's Visa? (SRRV)
The Special Resident Retiree's Visa (SRRV) is a special, non-immigrant visa which entitles the holder to reside permanently in The Philippines.
SRRV Options
SRRV Classic
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For foreign nationals, 5o years old and above:
Visa Deposit: USD 10,000 (with Pension)
USD 20,000 (without Pensions)
*Visa deposit may be converted into active investment.
SRRV Courtesy and Expanded Courtesy
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For retired foreign military officers, aged 50 years old and above.
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For Filipino citizens, 50 years old and above
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Visa deposit: USD 1,500
Benefits of SRRV
1) Option to reside permanently in the Philippines;
2) Multiple-entry and indefinite stay privileges;
3) Exemption from the following:
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Annual Alien Certificate of Registration Identity Card issued by the Philippine Immigration
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Philippine Customs duties and taxes for the one-time importation of household goods and personal effects up to $7,000
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Tax on pensions and annuities;
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Travel tax in Philippine airports;
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Securing a separate work visa, student visa, or study permit;
4) Access to Greet and Assist Program at selected Philippine Airports;
5) Free subscription to the PRA Newsletter
6) Discount privileges from PRA-accredited Merchant Partners;
7) Free assistance in transacting with other government agencies
8) Entitlement to PHILHEALTH discount premium.
Who Can Apply?
PRINCIPAL APPLICANTS
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Foreign Nationals
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Former Filipino citizens
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50 years old or above
DEPENDANT SPOUSE / CHILDREN
Spouse
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Legally married to principal retiree
Children
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Legitimate or legally adopted
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Unmarried and below 21 years old upon joining the program
Requirements
1) Passport with valid Philippine Tourist Visa;
2) PRA Application Form
3) Medical Clearance
4) Police clearance from country or origin or residence (valid up to 6 months from the date of issuance) and NBI Clearance;
5) Photos (8 pieces, 2x2")
6) SRR Visa deposit
7) SRR Visa Fees
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Processing service (one time)
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Principal: $1,400
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Dependant: $300
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Annual Fee: $360
8) Proof of relationship to retiree (marriage certificate / birth certificate)
All documents must be originals and must be Apostilled or Authenticated
Useful Reads About The Philippines
Stay up to date with Philippine matters and financial topics with these insightful reads.
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